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Thank you for your help! Baylor Bank believes the New Zealand dollar will appreciate over the next five days from $.48 to $.50. The following

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Baylor Bank believes the New Zealand dollar will appreciate over the next five days from $.48 to $.50. The following annual interest rates apply: Baylor Bank has the capacity to borrow either NZ\$10 million or \$5 million. If Baylor Bank's forecast is correct, what will its dollar profit be from speculation over the five-day period (assuming it does not use any of its existing consumer deposits to capitalize on its expectations)? a. $500,520. b. $104,262. c. $521,325 d. $208,044. e. 5413,419 Baylor Bank believes the New Zealand dollar will appreciate over the next five days from $.48 to $.50. The following annual interest rates apply: Baylor Bank has the capacity to borrow either NZ\$10 million or \$5 million. If Baylor Bank's forecast is correct, what will its dollar profit be from speculation over the five-day period (assuming it does not use any of its existing consumer deposits to capitalize on its expectations)? a. $500,520. b. $104,262. c. $521,325 d. $208,044. e. 5413,419

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